Trade between China and the U.S. is expected to “crater” after a temporary boost last month
Scott Thomson said it's time to build capacity at home and boost productivity, rather than relying on external relationships
Rush to get ahead of higher U.S. tariffs reflected in early trade data
Preliminary data signals a slowdown to end 2024
In terms of volume, imports fell 2% in the month, while exports decreased 1.5%
Exports of crude oil, gold rose sharply
Total imports dropped 3.8% to $61.8 billion
Exports of gold and crude oil helped drive results
The decline reflected weak demand and decreasing energy prices
Lower energy exports, higher dollar drive swing in trade balance
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